Global Growth Outlook 01/2017

Trump's dollar. New chapter for global economy

The global economy is set to pick up substantially in 2017. Growth is expected to reach 3.5 percent, gathering pace by 0.5 percentage points. Global trade should accelerate by three to four percent. The biggest impetus is likely to come from the United States as of the summer. In key emerging countries, rising interest rates and an appreciating dollar will increase vulnerability to high dollar debt in the private sector. High-dollar debtors will face increasing financial risks.